Royal Bank of Canada Purchases 31,941 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Royal Bank of Canada grew its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 16.0% in the first quarter, Holdings Channel.com reports. The fund owned 231,665 shares of the company’s stock after buying an additional 31,941 shares during the period. Royal Bank of Canada’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $23,961,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 436 shares of the company’s stock valued at $45,000 after buying an additional 123 shares during the period. State Street Corp raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 0.5% in the 2nd quarter. State Street Corp now owns 641,945 shares of the company’s stock valued at $66,063,000 after buying an additional 3,063 shares in the last quarter. Vivaldi Capital Management LP bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth about $285,000. Diversify Advisory Services LLC lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 14.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 6,496 shares of the company’s stock worth $669,000 after acquiring an additional 830 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 24.8% during the 2nd quarter. Raymond James Financial Inc. now owns 609,857 shares of the company’s stock valued at $62,760,000 after acquiring an additional 121,311 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Trading Down 0.0%

STIP stock opened at $100.58 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $100.54 and a 1-year high of $104.16. The business’s 50 day moving average is $101.76 and its 200-day moving average is $102.74.

iShares 0-5 Year TIPS Bond ETF Profile

The iShares 0-5 Year TIPS Bond ETF (STIP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasury Inflation-Protected Securities (TIPS) with a remaining maturity of less than 5 years. STIP was launched on Dec 1, 2010 and is managed by BlackRock.